The Arizona sentinel., 1887-09-24
Articles Ot lnGOYnuratiOn
Of the sOnth Gila Development Oompan

S@tfeS unlef bHe pTONlSlO0S or the LAWS O the Territory of Arizona and especially ar Act of the Legislative Assembly thereof entitled ''An Act Concerning Corporations, appro" ed March Sth 1887, for the purpose of engaging in the business and enterprise hereinafter mentioned, do make, subscribe and acknowledge in triplicate these Article; of Incorporation.
 The name of this corporation, and by which it shall be hereafter known i. '"The South Gila Development Company" and its principal place for transacting business is in the town of Aztec, County of Yuma, Terri. ritory of Arizona.
 The business and enterprise in which this corporation proposes to engage in shall be, to acquire by purchase, location, or in any other lawful manner, real estate, land and all other kind of property, real, personal or mixed, and to improve and sell the same; to borrow or loan money and receive mort gages upon lands, and to carry on the busi- ness of Banking in all it's branches; to buy and sell merchandise, and conduct and car " on a mercantile business in all it's branch es: to acquire water by location or purchase anu COilSbItlCb dllil llilubtlu CtiildlS, !, dtches, pipes and reservoirs for conducting and distributing the same; to construct buildings and warehouses, and hold, occu- py, buy and sell the same; to construct roads and maintain the same; to erect, ope- rate and maintain telephone and telegraph lines; to mortgage, hyPothecate or pledge any of the property of this corporation; to do and transact any and all kinds of busi- ness which may be transacted by natural person.
 The amount of the capital stock of this corporation shall be two million (S2, 900, ,000) dollars, divided into twenty thousand t20, 000) shares at the par value of one hundred ($l00) dollars per share, and tn. same shall be non-assessabe, and the said capital stock shall be paid in at the times and under the conditions ordered and authorized by the Board of Directors of this corporation.
 ".
 The time of the commencement of this corporation shall be the day of the nling of these Articles in the office of the Recorder of the County of Yuma, Territory of Ari- zona, and shall terminate fifty (50) years thereafter.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation is at any time to be subject, is the sum of One Hundred Thousand (Sl00.- 000l Dollars.
 The highest amount of indebtedness or liability to which thIs corporation is at any time to subject itself is the sum of One Hun dred Thousand (SlOO.OOO) Dollars.
 VII,
 The affairs of this corporation shall be conducted by Board of Directors compos- ed of five (5) persons who shall be elected annually by the stockholders, and shall hold office for one year and until their successors are elected and qualified. The time and manner of said election shall be provided for in the Bylaws of said corporation. Said Directors shall be subscribers to the capital stock of said corn9ratti0n and no per son shall be eligible to said office unless he bea stoc@holder in the corporation, and any person teasing to be subscriber shall cease to be Director, and hereafter if any Di- rector shall cease to be a stockholder he shall cease to be a Director.
 The Board of Directors of this corporation sh.ll have power to establish Bylaws and make all rules and regulations necessary for the management of the affairs of this corpo- ration, and the officers thereof.
 The following named persons, who are, to the capital stock of corpora tion, shall constitute its Board of Directors until the 20th day of July, 1888, and until their successors are duly elected and quail fled, to wit: Robert McPherson, w. E. Pope, O. F. Thornton, C.. w. Cameron, and G. w. Mauk.
 VIII.
 The stockholders and their private pro- perty shall be exempt from the corporate debts of this corporation.
 In Witness Whereof we have hereunto set our hands and seals this 20th day of July, 1887. Executed in triplicate.
 (Signed) ROBERT MCPHERSON. L. $.
 w. E. POPE. L. s.
 O. F. THORNTON. L.S. Territory of Arizoua,
 County oi Maricopa.
 Before me, G. w. Ingalls,, Notary Pub lie in and for the County of Maricopa, Ter ritorv of Arizona, personally appeared Rob- ert McPherson, w. E. Pope and O. F. Thornton, known to me to be the persons whose names are subscribed to the foregoing instrument, and each of them acknowledged to me that he executed the same and for the purpose and consideration therein ex- pressed.
 Given under my hand and seal of office this 10th day of July, A. D. 1887.
 (Signed.) G. w. INGALLS,, TNotarial Seal.i Notary Public. Territory of Arizona,
 County of Yuma.
 I, Joseph J. Stein, County Recorder of Yuma County, Arizona Territory, do hereby certify that filed in the records of my off, flee. on the twenty-second day of July, A. D. 1887, the articles of incorporation of the South Gila Development Company.
 In witness whereof 1 have here I.SO unto set my hand and affixed my
 official seal, the day and year in this certificate first above written.
 JOS. J. STEIN,
 County Recorder. MPR9yEg10